GBPCHF Price Trap
Updated
GBPCHFMultiple levels of structure have been identified here as specific zones. I am looking for the upper zone to be broken and for price action to close above the level. From there, I would like to see a retest of that zone and a continuation to the upside in order for me to get in for the buy. In order for me to participate in a sell, I would like to see the opposite. I would like to see price action close below the trend line, retest the trend line, and for price to continue to the downside.
Note
Trend line has been broken. Looking for the retest and continuation down.Trade closed: target reached
Top structure was violated, retested, and price action reached the TP target.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.